Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.
Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.
Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.